California developers filed 30 percent more building permits already this year, but that’s not making much progress. Permits statewide were filed to build 28,352 residential units across the state in the first quarter, the third-largest tally among the states, according to Census Bureau stats. Building permits are seen as a solid indicator of developers’ construction plans. My trusty spreadsheet tells me this is a noteworthy jump. California permits were up 6,480 units vs. 2017’s first three months, the biggest gain in the U.S.
Source: The Mercury News